Abstract

Technology is a strategic asset for an increasing number of firms that nurture their competitiveness through innovation. Accordingly, fostering innovation, exploiting technological opportunities and avoiding threats are increasingly important issues within their strategies. Firms need to support their decision-making processes by investing in technology intelligence system in order to protect their products from competitors’ aggressive actions or to exploit new emerging technological trajectories. This chapter presents some actions that a Technology Intelligence System (TIS) can accommodate, drawing upon patent analysis. The main purpose of patent analysis is to enable firms to monitor and assess technological developments and other areas of concern. Such technology management activities assist firms in evaluating their environment while taking advantage of new emerging technological trends. The methodology is described in detail using an application conducted in nanotech patents.